U.S. credit card debt jumps 18.5% and hits a record $930.6B

Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by vlunkr on Friday February 03, 2023 @01:30PM (#34645698)

I would also argue that it's not due to a lack of funding, just misplaced priorities. Even one course on financial literacy would go a long ways.

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Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by whitemary on Friday February 03, 2023 @01:53PM (#34646060)

At what point is one expected to forego their basic needs (including dignity) to avoid debt?

Logically, this question must be answered with sincerity before blaming financial illiteracy.

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Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by dahfizz on Friday February 03, 2023 @01:56PM (#34646125)

I doubt it would make much of a difference. The kids with the wherewithal to take and pay attention to a finance course would be able to figure out "high interest debt = bad" on their own. The other kids wouldn't pay attention anyway.

Really, an hour on Google will give you all the information you could need to manage credit cards. It's not complex.

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